Hot on the heels of imposing GST on all online sales from 2017, the Federal Government is now promoting tax cuts as part of their tax reform agenda. Making changes to personal tax rates and tax scales is not tax reform!
Mid-size businesses need reforms to areas that block or impede investment and other productive activity.
If the Government keeps making such piecemeal decisions, the chances of meaningful tax reform will evaporate.
Titled the "Economic Case for Personal Income Tax Cuts", it lays the groundwork for putting income tax cuts at the centre of the government's re-election strategy.Mr Hockey says the forthcoming options paper on tax reform - which the government plans to present to voters ahead of the election - will "include options for personal income tax cuts".That confirms that personal income tax cuts will be front and centre of the Abbott government's election campaign.
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